I can't add anything regarding websites, but it seems almost impossible to get staff at the moment. We've got 3 recruiters on the case for a qualified practice accountant and a part time bookkeeper and have had only a couple CVs through. Recruiters saying there's a staff shortage. Where are all the staff??
I did it back in November with OMB, IHTTE technical papers and OMB case study. Hardest thing I've ever done by a long shot. ACCA and a degree in accountancy were a piece of p*ss compared to CTA. I took 6 weeks off prior the exams to study, had a revision course with tolleys for 3 weeks plus 3 weeks of my own revision. I lived and breathed the syllabus for 6 months and did every exam question in the last 6 years plus a question bank of 20 questions for each paper. I got 54, 58 and a pass on the case study. All that work for s**t marks but at least I passed it. Well worth it though, I'm starting a new job in September with a 20k pay rise. Good luck
Thank you for the answer. I think I've ****ed this up. Client was badgering me about incorporating the company so I went ahead and did that a month ago with the new employee as a shareholder. HMRC clearance came through the other day and they were fine with the transaction.
I'm now in a situation where 2 individuals own shares in trading co, and 2 individuals + employee own shares in parent co. Was going to file stock transfer forms today but now I think I'll hold it off because of stamp duty issue.
I suppose the only way I can rectify this is issue shares in trading co, give to employee, then do share swap?
Yes you can claim AIA, treat it like a normal capital allowances comp. There are 2 comps time apportioned between pre and post hive up. No balancing adjustments
My answers
Assuming goodwill was acquired in 2006 on incorporation yes you get full tax relief
I can't add anything regarding websites, but it seems almost impossible to get staff at the moment. We've got 3 recruiters on the case for a qualified practice accountant and a part time bookkeeper and have had only a couple CVs through. Recruiters saying there's a staff shortage. Where are all the staff??
I did it back in November with OMB, IHTTE technical papers and OMB case study. Hardest thing I've ever done by a long shot. ACCA and a degree in accountancy were a piece of p*ss compared to CTA. I took 6 weeks off prior the exams to study, had a revision course with tolleys for 3 weeks plus 3 weeks of my own revision. I lived and breathed the syllabus for 6 months and did every exam question in the last 6 years plus a question bank of 20 questions for each paper. I got 54, 58 and a pass on the case study. All that work for s**t marks but at least I passed it. Well worth it though, I'm starting a new job in September with a 20k pay rise. Good luck
Thank you. For future reference is there a legal requirement to do one?
Thank you for the answer. I think I've ****ed this up. Client was badgering me about incorporating the company so I went ahead and did that a month ago with the new employee as a shareholder. HMRC clearance came through the other day and they were fine with the transaction.
I'm now in a situation where 2 individuals own shares in trading co, and 2 individuals + employee own shares in parent co. Was going to file stock transfer forms today but now I think I'll hold it off because of stamp duty issue.
I suppose the only way I can rectify this is issue shares in trading co, give to employee, then do share swap?
I think we will start to see a lot more partnerships/LLPs with corporate members to circumvent this
Should I jump ship now and train as a driving instructor and go live/work in Thailand?
Yes you can claim AIA, treat it like a normal capital allowances comp. There are 2 comps time apportioned between pre and post hive up. No balancing adjustments
Can't believe I missed that, thank you so much
If the company was trading for 2 years then ceases trading, there's a 3 year time limit in which ER will still apply on wind up
TCGA 1992 s.169I (7)